Strong Numbers, No Permission (Weekly Wrap, 6 Nov 2026)
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Strong Numbers, No Permission (Weekly Wrap, 6 Nov 2026)
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Strong numbers. No permission. The AI trade had its worst day in 18 months, and the Bank of England raised rates for the first time since 2023. Sam, Lily and Daniel wrap the week of 2 to 6 November 2026 in plain English.
The Nasdaq fell 5.5% on Thursday and 4.4% on the week, into a correction. The Democrats swept Congress and Texas elected a governor pledging to freeze new data-centre approvals; Bloomberg reported Microsoft is tightening its grip on the neoclouds; Iren beat and still slipped its $4bn target to January; AMD posted a record quarter and fell 17%. The Bank of England raised Bank Rate to 4% on an 8 to 1 vote with a 5% inflation warning, gilt yields fell anyway, the pound ended near $1.345, Brent fell 13% to below $100, and gold rose 5%. Next week: US CPI and CoreWeave on Tuesday, UK GDP and Nebius on Thursday.
Sam, Lily and Daniel are AI voices (ElevenLabs). More simple market breakdowns at b2blcc.com. Informational only, not investment advice.